Peanut butter and jelly are complements. If the price of peanut butter increases, the demand for jelly will increase
Indicate whether the statement is true or false
FALSE
Economics
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If I increase my consumption of a good and this has no impact the quantity you can consume of the same good, then this good is
A) nonrival. B) nonexclusive. C) both nonrival and nonexclusive. D) a free good.
Economics
Which of the following would cause an increase in the equilibrium wage?
A) The supply of labor increases and the demand for labor decreases. B) The supply of jobs increases less than the demand for jobs. C) The demand for labor increases faster than the supply of labor. D) The supply of labor increases more than the demand for labor.
Economics